RFG Advisory LLC Boosts Position in Southern Company (The) $SO

RFG Advisory LLC grew its holdings in shares of Southern Company (The) (NYSE:SOFree Report) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,479 shares of the utilities provider’s stock after buying an additional 12,491 shares during the period. RFG Advisory LLC’s holdings in Southern were worth $11,155,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SO. Ameriflex Group Inc. increased its stake in shares of Southern by 275.0% during the second quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider’s stock valued at $27,000 after buying an additional 220 shares during the period. Cheviot Value Management LLC purchased a new position in shares of Southern during the first quarter valued at approximately $28,000. Financial Connections Group Inc. purchased a new position in shares of Southern during the first quarter valued at approximately $33,000. Accredited Wealth Management LLC purchased a new position in shares of Southern during the first quarter valued at approximately $36,000. Finally, Rossby Financial LCC purchased a new position in shares of Southern during the first quarter valued at approximately $39,000. 64.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SO has been the topic of several recent research reports. Evercore ISI initiated coverage on Southern in a research note on Monday, October 6th. They issued an “in-line” rating and a $103.00 price target on the stock. Morgan Stanley reduced their price target on Southern from $94.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays upped their price target on Southern from $90.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. UBS Group upped their price target on Southern from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.31.

View Our Latest Stock Analysis on Southern

Southern Trading Down 0.1%

Southern stock opened at $98.15 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 1.69. The business’s fifty day simple moving average is $93.67 and its two-hundred day simple moving average is $91.79. Southern Company has a 12 month low of $80.46 and a 12 month high of $98.42. The company has a market capitalization of $107.97 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 3.40 and a beta of 0.43.

Southern (NYSE:SOGet Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.08). Southern had a return on equity of 12.09% and a net margin of 15.10%.The company had revenue of $6.97 billion during the quarter, compared to the consensus estimate of $6.70 billion. During the same period last year, the firm posted $1.10 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year. Southern has set its Q3 2025 guidance at 1.500-1.500 EPS. FY 2025 guidance at 4.200-4.300 EPS. As a group, equities analysts predict that Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 18th were issued a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 18th. Southern’s payout ratio is 76.09%.

Insider Buying and Selling

In other Southern news, CEO Kimberly S. Greene sold 13,158 shares of the business’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.00, for a total value of $1,250,010.00. Following the sale, the chief executive officer directly owned 93,661 shares of the company’s stock, valued at approximately $8,897,795. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company’s stock.

Southern Company Profile

(Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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